Nigerian treasury bills oversubscribed 400% as investors bet on government, increased yield

Nigeria’s central bank Wednesday saw its fortnightly treasury bills auction oversubscribed 400 percent as total subscription outstripped the N140.9 billion it originally planned to raise by N418.1 billion. Actual subscription stood at N559 billion. However, the Central Bank of Nigeria could only allot bills worth N215.88 billion at the auction, which is N75 billion more […]